About your Search

20121222
20121230
STATION
KGO (ABC) 17
KRON (MyNetworkTV) 16
KTVU (FOX) 16
KPIX (CBS) 10
KBCW (CW) 3
KICU 3
KOFY 3
KQED (PBS) 2
KRCB (PBS) 2
KQEH (PBS) 1
WETA 1
LANGUAGE
English 74
Search Results 0 to 49 of about 74 (some duplicates have been removed)
of it as an unwarranted way to rake in extra money for simply going one's job. debra villalon shows us millions of our tax dollars are handed out. >> reporter: we asked state workers about pay. extra pay for the risk. or a hazardous material team. why would administrators at state headquarters reek in more than a million dollars in pay. the emergency was the recession pushing stop staff to put in long hours. >> i don't know what the rules there. there are different categories. >> they basically creating their own emergencies by creating a fiscal crisis. then to handle that crisis, they're benefiting from it. >> reporter: credits point to pay record showing supervisors who can't get overtime. >> the fact they're doing the ones doing the abuse is shocking to me. they should be representing us. >> reporter: employment development is one of dozens agencies. boosting managers pay by as much as $1200 a month. payouts total almost $5 million over 4 years during a time most state employees were being forced into unpaid furloughs. >> it has to be evaluated by management of our department. >> reporter: the fina
country teetering on the edge of the fiscal cliff you might want to change your tax strategy. advice coming up from michael finney. stay with us. we have a lot more to get to. >>> the health of former president george hw bush is a growing concern. the 88-year-old transfered to houston methodist hospital. he's been at the center ever since a lot of month because of a chronic cough. but he's been fighting a high fever for days. this morning he was put on a liquides only diet. >> no one puts new icu because things are going well we're hoping medicine was help him turn things around. >> barbara bush spent christmas by his side, former president george w bush expected to visit incoming days. >> retailers reeling tonight after holiday sales missed marks. they were expecting shoppers to spend 2% more than last year but turns out sales grew less than 1%. very disappointing. david with, a look the impact on the economy. >> there is no doubt that this is a real blow but kboitsing to impact people making goods retailers put on shelves. dispatting growth is likely tied to conservative gifting. >
the president and congress take action, tax rates will go up on every american taxpayer and devastating the defense cuts will go into effect in 10 days. >> reporter: his bill would have extended tax rates for households making a million dollars a year. the president put the threshold at $400,000. the white house and democrats here on capitol hill are frustrated that speaker boehner spent the last several days pushing plan b instead of focusing on a bigger compromise. >> nobody can get 100% of what they want and this is not simply a contest between parties in terms of who looks good and who doesn't. >> reporter: disagreements over how much to raise taxes and cut spending continue to separate democrats and republicans. >> what the president has proposed so far simply won't do anything to solve our spending problem. >> reporter: both sides insist they are still committed to stopping the big tax hike coming at the end of the year. tara mergener for cbs news, washington. >>> the failed efforts on the "fiscal cliff" sent the stock market sliding. the dow dropped more than 120 points. the nasd
away to get a handle on crime. >> my own mom had christmas dinner told me do not raise my taxes. >> the bay area's newly elected congressman getting plenty of advice on his way to washington. what he says he can teach the old guard about compromise. >> new at 10, a police officer arrives home to find he's become a crime victim. three burglars caught in the act of stealing the policeman's guns. christin ayers on what happened next. >> reporter: police say burglaries in this area have become so widespread that even cops have become targets. >> we do have a lot of law enforcement folks that live in our city. they are the victims of burglaries. >> reporter: most recently last night. three burglars already ransacking a police officer ice home here in southeast ann tee job when the officer came home. >> interrupted the burglary and three subjects fled out of the back of the home. >> reporter: the officer chased them but was forced to stop when they fired a warning shot in the air. months ago an officer who lived in brentwood shot and injured a suspected burglar. it did not appear the
will help you devise a financial plan for your taxes in the event we plunge over the >>> good evening. i'm dan ashley. after days of rain it was a real mixed bag today. some rain, some clouds, some sun. we are still drying out from the christmas day drenching and let's check in with abc 7 news meteorologist lisa argen. nice to get a break. how long will it last? >> as the day went on things sunnier and dryer. cleared out of the south bay last. a live look at live doppler 7hd. all is clear right now. talking about partly cloudy skies and the numbers are dropping quickly tonight. so just a few showers continuing to spots of the salinas landscape. otherwise we are looking at the big rainfall from the north bay from san rafael and even san francisco an inch of rain in the pastth hours. is further to the east a third in liver move. about the same napa and up to the north, not too much in santa rosa. skies cleared. talking about patchy frost in napa and sonoma and we will give you the numbers and outlook when the run returns coming up in the seven day outlook. >> you saw from the map mr. how m
the latest on the chances for a breakthrough-- just four days before automatic tax hikes and spending cuts hit. >> brown: then, we turn to india. ray suarez looks at the violent protests and public anger sparked by the gang rape of a young woman. >> warner: john merrow has the story of a group of california charter schools that aim to be the model-ts of education. >> america has lots of terrific schools. people open great schools every year, but they typically open just one. nobody has figured out how to mass produce high quality, cost effective schools. >> brown: we remember general norman schwarzkopf-- the man who commanded american-led forces in the persian gulf war known as "desert storm." >> warner: plus, mark shields and david brooks analyze the week's news. >> brown: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoi
a number of our members who just did not want to be perceived as raising taxes. >> the two sides both left for christmas holiday and they blamed each other for not acting. they stated that more action is needed from the gop. >> we will need to have a bipartisan solution. >> the next move will need to call from the present. >> he is the only one who could door. this is not john boehners problem to solve. >> in washington, i am karen caifa. >> and now to connecticut were new details are emerging about sandy hooke elementary school gunmen adam lanza. for those who know him say that he was an awkward, peculiar kid who wore the same close to school every day. if they say that glance up rarely spoke once. is that he gave school presentations entirely by computer. he never said a word. >> and former high-school classmate says that lands the plague of violent video games, he always chose a military-style assault rifle as one of his weapons. lanza used an assault rifle the day of the school massacre. the details emerge one day after the nation calls for a moment of silence to remember the victims.
before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several pa
up with a solution. to avoid the fiscal cliff. that is the end- of- the year trigger on tax hikes. and spending cuts. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>pam: house speaker john boehner failed to gain enough of his party's support for his "plan b". that proposal would have raised taxes only on those americans making more than one million dollars a year. without a deal, steep tax hikes and massive government spending cuts are set to kick in after january first. as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the law on hold until the court can hear further arguments. the law. wh
francisco police >>> as this pushes up to the fiscal cliff, tax payers are saying their frustrating. how much a fall over the cliff could cost you. >> for more and more americans, the fiscal cliff is being used as a failure of government. >> i weigh i figure theépñ on vacation, they don't care. >> i don't think that there ever going to come to an agreement. both parties are so far apart, there's no common ground. >> if you make between $50,000 a year, it goes up. if you make 75 to $100, you'll pay $142 per weekly paycheck. most employers will wait and deduct at the current rate but you'll get slammed with higher rates. >> if they're supposed to be public servants and we can't get a compromise and some is with the right ideology. >> it seems like you're not being represented. you have interest that are overriding the people's concerns and i think that's an example of what happens in congress. >> the tax policy centers say the lowest income folks will see their take home paycheck shrink by 3.5% and average 4% and top earn ers about 6% but that says nothing of lost deductions or other unk
spending cuts and massive tax hikes after january 1st. >> what is the reality? we checked in with current san francisco mayor ed lee and former mayor womeny brown. our question on the fiscal cliff, how much of this is the politics and how much of it is show for the public and real deal cutting? >> first of all, none of it is show. it is really politicians trying their best to prevail of what they promised their voters they would do. that is what it is. they are not postponing on purpose. they are going as long as they can. willy brown said, and i agreed, my voters would have to say i didn't make the fight, what i promised to do. >> reporter: what you promised do isn't after you it is down and see the facts isn't exactly the right way to go. what do you do politically then? >> for me i naturally try to get that information out there and let the public and certainly everybody looking at the budget process understand what changed circumstances we face. for me budget has been a process where you don't really hide things. you really have to tell everybody what is going on. >> the question
in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a different fight to treat gun violence as a public health epidemic. >> reporter: he is one of hundreds of petitions that sprung up since the tragedy at sandy hook elementary school. >> reporter: as the national rifle association took the podium in washington. >> the only thing that stop as bad guy with a gun is a good guy with a gun. >> reporter: he was pushing a different solution. >> there are 30,000 people who die every year from gun violence. same number who die from car crashes. the centers fo
. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area will certainly feel the sting, more than 22,000 people in alameda and contra costa could be affected. california is bracing for a stalemate. the state controller's office is advicing departm
the fog is. >>> wasted tax dollars. you'll be surprised where government officials are spending your money. >>> and call it an incentive plan. the unique program being considered by san francisco to save money on health care costs. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get u-verse tv for $29 a month for six months. rethink possible. >>> taxpayer money is paying salaries and bonuses to workers and elected officials who have been suspended and convicted of crimes. that's what our washington bureau reporter macfarlane found after digging into pub records >> reporter: he orchestrated an outrageously wasteful party in vegas on taxpayers dime. 800,000 spent
from the fiscal cliff. talks to try to prevent automatic tax hikes and spending cuts won't resume until thursday. andrew spencer has the very latest. >> reporter: some republican lawmakers says president obama wants the country to fall off the fiscal cliff. >> we were gonna go over the cliff before. we are gonna now because that's what the president wants. >> reporter: house speaker john boehner failed to get enough vote for his plan b on thursday. that would have raised taxes on people making more than a million dollars a year. on friday, they left town with no deal. >> i've asked leaders of congress to work toward a package that prevent as tax hike on middle-class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> raising taxes could still be red ink as far as i can see and it would hurt jobs. >> reporter: some long-time lawmakers are dismayed by the perpetual gridlock. >> i feel it's more likely we'll go over the cliff than not and if we allow that to happen, it will be the most colossal
-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>reporter: the remarks came after house speaker john boehner failed to muster enough of his party's support to bring his "plan b" to the floor. his proposal would have effectively raised taxes only on those americans making more than one million dollars a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >>reporter: the two sides each left the capitol for the christmas holidays, blaming the other for inaction. democrats said thursday's failure in the house pointed to a need for more compromise by the g-o- p. >> house republicans have gotten the message loud and clear that a comprehensive solution to the looming fiscal cliff will need to be a bipartisan solution. >>reporter: senate republican leader mitch mcconnell said the n
will look for common ground to get automatic tax increases and spending cuts from kicking in. >> their only four days to reach an agreement or you as a common goal of the so- called fiscal cliff we are here in washington working all the members of the house of rand representatives are all watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here until the president i would be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline and as i said this to the conversation we should add months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more year. >> many republicans are made against any tax increases. >> russian president of vladimir putin aside a bill banning americans from adopting russian children. >> the law also blocked dozens of russian children or currently in the adoption process by american families from leaving the country. >> putin says the bill is retaliation for an american law that calls for action against russian offic
they match spending cuts. they will raise taxes on the wealthiest americans. >> we will go over the cliff because it is what the president wants. >> we will present a tax hike on middle-class americans... >> without a deal spending cuts will take affect in the new year and economists warn it could lead to a recession and big jump in unemployment. >>> and before the end of the year, right now homeowners do not have to pay tax on a portion of the mortgage short sale or principal reduction, in authority sale, they could soon own income tax on part of what they had to pay. >>> officers are looking for and they say he killed his brother-in-law. he left in an orange truck and he is considered to be armed and dangerous. >>> they are banning together to find an answer to problems putting escalators out of service. there are many things that can put escalators out of service, dropped keys and change, during the first week of june, a record 28 escalators were out of service. >>> firefighters in contra costa are getting a new tool to help save lives. we have more on how it detects local hospitals. >
are meeting since november. economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago. >> the main sticking point is who should pay more in taxes. democrats want a hike on households making more than $400,000 a year and republican aids say their leaders might get on board with that offer. >>> meanwhile if they aren't able to avoid the fiscal cliff people here in alabama will be especially hard hit. that's because prop 30 will soon mean higher sales taxes and higher income taxes on the state's top earners, the fiscal cliff would add to that hitting all american with higher taxes. >> i don't know if there's a word to describe how upset the public is going to be. nobody'
before taxes go up for all americans and federal programs see major cuts. president obama met with republican and democratic leaders yesterday in a high stakes meeting at the white house. senate leaders will debate a new plan over the weekend, hoping to have a deal to vote on by monday. then it will go to the house. the president said a deal is critical for the nation. >> economists, business leaders all think we are poised to grow in 2013 as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> in the event congress does not make a deal, here's how the fiscal cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend less on fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the bowl game is al
. >>reporter: speaker boehner says the only way out is a deal that cuts spending and reforms the tax code but even he seemed to suggest that is virtually impossible now. >> how we get there god only knows. >>reporter: boehner attempt add so-called plan b last nigh night. fwhail would have extended tax cut for everybody except millionaires. but his own plan was rejected by his own party. and face of opposition from conservative unwilling to see taxes go up on anybody at all. let me get straight you won't support raising the taxes on people that make over 1 million dollars year. >> not raising taxes on any american. >>reporter: 10 million. >> absolutely. >>reporter: that's jonathan karl reporting. federal appeals court has blocked california law banning gay conversion therapy. ninth circuit court of appeals issued emergency order putting the law on hold until it can hear full arguments on this issue. the law banning conversion therapy that aims to turn gay minor straight was to take effect on january 1st. counts lors who practice the therapy and 2 family who say the teenager son
. again, if there's no deal, we see painful tax hikes and massive government spending cuts after january 1st. stay with us when we checked in with san francisco mayor edley and former mayor willie brown. these guys are no strangers. we have the so-called fiscal cliff. with the politics involved here? how much of what we have been seeing is real deal cutting and how much is show? >> first of all, none of it is really show. it's really politicians trying their best to prevail what they promise their voters they would do. that's what that is. they are going as well as they can. the first day as we said something different than willie brown. i immediately agreed. my voters would have to say, i didn't do what i promised to do. >> what if what you promise to do is after you sit down and see the facts and it isn't the right way to go. what do you do politically? >> for me i naturally try to get that information out there but also let the public is certainly everybody looking at the budget process understand the change of circumstances we face. for me but it has always been kind of a process where
of the so-called fiscal cliff, a series of tax hikes and spending cuts set to take effect in five days. >> there still seems to be no signs of a compromise acting congress and president obama. >> president obama return to washington to get the credit shortage of medication. is a video the president leaving. >> house and senate members are expected to reconvene today as well. >> without a budget agreement, automatic tax increase is for everyone in the spending cuts will be triggered in the new year. >> the main dispute continues to be over taxes. >>, of the kron 4 morning news changes are coming to a netflix starting next year. how the company wants to get users more connected socially and next. >> the web more attractive weather and headlines when we come back >> wexcome backed. >> time is 4:10. >> net flicks is adding more social features to it streaming media service in the u.s.. >> the company confirms that the congress passed a bill that drops restrictions on sharing user's video rental history. these revisions now with president obama signature before becoming law. >> lifting the
many of you may have to hold off on filing income tax returns if congress doesn't avoid the fiscal cliff. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> we are tracking downpour across parts of the bay area. here is the live camera looking toward mount diablo. take a look at live storm tracker two and show you the current rainfall pattern. >> and welcome back. the president is cutting his vacation short to face the fiscal cliff. is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wa
and tax rates have gone up on all americans and they would then be voting for tax cuts as opposed to tax increases they would now have to reach a deal. put the president and the democrat particular party would win. >> he gets to cut the military and he gets to blame republicans for it. >> also if congress does not reach a deal by monday as many as 500 million taxpayers will not be able to file until march and i can explain why when i see you next. tile la campbell -- kyle la calm about a ktvu channel 2 morning news. >>> they are asking all workers from d.c. washington area stores to coliseum together and he said he wants to send a respectful but potent issue. we have more times with the same message. >>> the u.s. base was the target of a suicide attack in afghanistan. a car bomb went off at the gates of camp chapman. the blast skilled a delivery guard and 6 children. the taliban is claiming responsibility. >>> more than 10 people people voted to support it but more than two-thirds voted not to have it but some say it passed too quickly. it protects some rights but underminds others. >>>
congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they only have four days to reach an agreement or the u.s. economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including " he would ask me to tell you please put the sharks back in the closet " the 8
a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of the massive cuts that would occur if there is no deal. it would also patch up the alternative minimum tax that will hit even more middle class families and schedule a drop off for doctors. >> if republicans do give in and support the deal being put together by harry reid that deal is expected to be far less favorable than the potential deal they had been work
of had to go. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more per year. republicans remain against any tax increases. >> most americans just wasn't begun. >> people are tired. >> islamic not reach a deal by january 1st many economists are concerned it could lead to another recession. >> ibm ed paine reporting. >> and other nationals former president george h. w. bush is still in intensive care at houston hospital this morning dealing with the stubborn fever. >> the former president's family is confident that he will be out of the i see you soon. >> the former president's chief of staff said supporters a note yesterday including this " he would ask me to tell you to please put the cards back in the closet in cold. >> the 88 year-old has been an apostle for the month, after first coming down with bronchitis. >> coming up on the kron 4 morning news amazon setting records of holiday season. >> amazon is customermore when k welcome back. the time is 4:09. >> amazon is announce this year's holiday sales are at their biggest ever. >> c
to bring to the floor a basic package. this will protect the middle class from a high tax hike. >> senate leaders are trying to work for a solution. >> we will work to see if we can do this within the next 24 hours. i am very hopeful and optimistic. >> i will do all i can, but everyone, whatever we come up with some people will not like it, and some people will like it less. >> senate majority leader's stated if they did not want to meet on saturday. house speaker john boehner stated that he would not bring anything to the house until it has been passed by the senate. >> nearly every american will see their taxes go up and all of the unemployment benefits will expire. >> people sit down and discuss things and they try to come up with a solution. if they are disappearinthere ars then they sit down and work on those disagreements. we need to sit down and work on this. >> the time now is 8:06 a.m.. we will be right back. >> the red cross says said it responded to 113 large- scale disasters in 42 states this year. if that included super storm sandy with it says was the biggest response and fi
and maryland. >>> there are fewer than three days left before taxes go up for almost all americans and several programs see major cuts. president obama met with republican and democratic leaders yesterday in a high stakes meeting at the white house. senate leaders will debate a new plan over the weekend, hoping to have a deal to vote on by monday. then it will go to the house. the president said a deal is critical for the nation. >> economists, business leaders all think we are poised to grow in 2013 as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> in the event congress does not make a deal, here's how the physical cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend lesson fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shop
there's a computer program that will figure specifically what each of us can expect next year. tax policy center fiscal cliff calculator peck your category married single with or without children enter the income and press to, it will pop up but you have to cough up next year. >> 17,000 dollars higher. that's a lot. >>reporter: jason is an engineer from cupertino with wife and 3 kid. he's looking at extra 17,000 in change. renee of carson just calculated what her family will pay. >> my god. that's another additional, i mean, deduction. >>reporter: 4 dollars short of 3000 dollars. >> i know. i know. >>reporter: she says it's like losing a month salary for her or her husband. pretty significant reduction. >> oh, yes. yes. it's a big one. >>reporter: here's other quick calculations. single person making 46,000 can count on increase of 1300. married with no children income of 57,000 it's an extra 2200 you will be paying. married with two kids and income of 146,000, 7300 more. if you are up there in the top one percent making two million a year off the cliff ill cost you 1
31st. there will be automatic tax increases and spending cuts. we'll have more from our political analyst in a minute - but first. kron 4's justine waldman is back with more on our developing story. >> reporter: after meeting with bi-partisan leaders friday, the president said no one will get 100-percent of what they want. he said if congress can't reach a deal. congress should allow a vote on a basic package that would preserve tax cuts for middle-class americans, >> i am optimistic that we can still pass a deal in both houses in time, mitch mcconnell, and harry reid are working on an agreement as we speak >> i have my confidence destroyed on other occasions and so i hope it is not on this occasion the timing, we have to do it now that is what the next 24 hours will be very important. >> we had a good meeting in the white house we are engaged in discussions with the majority, the leader and myself in hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. we will make hard so
that approach. >>> and there could be another tax hike on the horizon for california smokers. papers have been filed for a 2014 ballot initiative to increase the cigarette tax by another $1 a pack. that would raise about $800 million for the university of california system. among the supporters, lieutenant governor newsome. after nearly two months since superstorm sandy devastated the east coast, thousands of people are still trying to rebuild. days before christmas, volunteers delivered a little hope to one family. erika is in new york with that story. >> reporter: lanny doesn't have a job this christmas. superstorm sandy destroyed the restaurant where she and her three daughters worked. it also wiped out the first floor of their home in breezy point, new york. >> do you just want to be back in your home, even if it's not going to be the same? >> reporter: volunteers are trying to make that happen. days before christmas, seven of them put up insulation, an expensive job that this single mother says she just doesn't have money for right now. >> it's a relief. it's like a burden off your should
to try and prevent automatic tax hikes and spending cuts from taking effect january first. andrew spencer has the latest. analysts say many shoppers haven't been in the holiday spirit when it comes to spending money. the four-day black friday weekend that started on thanksgiving was strong. sales rose 2-point-7 percent. but analysts says sales fell 4-point-3 percent for the week ending december 15th. and last week they forecasted holiday spending to decrease another 2-point- 5 percent. previous expectations were for a 3-point-3 percent increase in spending. the saint anthony foundation needs help to reach its goal of collecting 5-hundred hams during the 25th annual curbside donation drive. according to the foundation, they collected a hundred hams. that's just 20-percent of their goal. the foundation hoped to get another 400 hams sunday and today. if you would like to donate a ham you can do so at the drive. located in front of saint anthony's in san francisco's tenderloin area. from 9 a-m this morning until 3 this afternoon. we'll be right back here on the kron four morning news. return
." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wai
and are considering the president's offer to raise taxes on households making $400,000 or more a year. even if it passes the senate he is concerned about the house where he will need about 30 republicans to cross party lines. the house speaker said he is not making members of the house come back from their break without a 48 hour notice on a vote. in the last -- >> american people i don't think understand the house is operating without the house of house. its being operated with a dictatorship of the speaker. >> reporter: on top of this the treasurey department said the united states will hit its debt ceiling on monday and unless it takes extraordinary measures the country could default on some of its payments. we are expecting to hear more from senate leaders today we will have more in the next update. >> thank you. the east coast is being pounded with more powerful storms and that's causing problems at airports across the criminal airlines have canceled hundreds of flights because of the storm. heavy snow has been falling in pennsylvania, upstate new york and some new england states. t
negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, prevents unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: president obama is in hawaii for christmas. he says he will cut his vacation short to try to hammer out a deal with republicans. i'm andrew spencer reports. >>> fears over if fiscal cliff dampened hopes on the stock market. >>> on the heels of a public outcry, instagram has been hit
capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it can happen now. >> reporter: senate majority leader harry reid]vtkÑ lashed ot at speaker boehner accusing him of running a tar forship. >> john boehner seems to -- >> reporter: republican leaders blame democrats for the standoff and say there are limits to a compromise. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner call the house back into town for an unusual sunday session. members of congress understand the
the automatic tax hikes and spending cuts kick in january 1. disagreements over how much to raise the taxes and cut spending continued to separate democrats and republicans. president obama called on house speaker john boehner to come back to the negotiating table and avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> the remarks came after speaker boehner failed to gather enough of his party's support to bring his so-called plan b to the floor for a vote. his proposal would have effectively raised taxes only on those americans making more than a million dollars a year. house and senate members will be back at the capital on december 27th looking for that solution. >>> wall street worried about the "fiscal cliff" talks, stocks closed sharply lower today. the dow dropped more than 120 points. the nasdaq fell 29 points. the s&p dropped, as well. >>> california cannot stop people from using the so-called conversion therapy to try to turn gay minors straight. the federal appeals court issued an emergency order late this afternoon putti
to legislation that would prevent a middle class tax hike and would protect unemployment insurance. he spoke after talking by phone with house speaker john boehner and meeting with senate majority leader. >>> the dow industrials dropped 120 points. the nasdaq fell 29. we also saw a number of conflicting economic reports that experts say suggests the economy is not sure where it's going top our consumer editor tom vacar is in san francisco's financial district with some explanations. >> reporter: there are two winds. those that are blowing and the much more important economic cross winds. for the overall economy most critical shopping days are ahead of us. >> i'm very cautious about how i spend now but i can imagine that spending if something like this happens. it will definitely affect how i spend my money. >> reporter: that worries consumertologist psychologist. >> the drop in consumer confidence has everything to do with the fiscal cliff. what we're seeing is that consumers really don't have a sense of trust that they're safe. they're wondering about the future ramp consumer spending numbe
taxes on the wealthiest americans. >> we will go over the cliff now because it is what the president wants. >> we will prey vend a tax hike. >> without a deal spending cuts and budget cuts will take affect and it could lead to another jump in unemployment. >>> they will be spending christmas in the hospital. in south africa, nelson mandela has been in the hospital since the beginning of the month. they have no plans to release him any time soon. he was originally taken to the hospital for gaul stones. >>> and for george hw bush, he might be able to go home for christmas but then they changed their mind. former former president bush bush has been receiving therapy and they say he will make a full recovery. >>> let's go to ktvu channel 2 morning news' janine de la vega, she is live at the scene and will give us details, jeanine? >>> we are right at the los gatos border and you can see behind me fire trucks and police cars. >> reporter: they are surrounded around building and we just saw the property owners are asking firefighters what is going onment all we know is there is a fire and
a budget agreement automatic tax increases for everyone and deep spending cuts will be triggered and the new year. the main dispute continues to be over taxes. americans filing unemployment last week as dropped to 350,000. futures are up right now. a letter from treasury secretary tam geithner to congress sent after the bell yesterday may also weigh on the markets. >> the woman accused of killing a grandmother and a drunk driving accident at the twin peaks without has made her first court appearance. 23 year old gina eunice is accused of a hit and run drunken-driving in vehicular manslaughter. the accident occurred three people and killed 56 year old yuee byao who was here visiting her new grandchild from china. the judge set the bail at $2 million. if she posted she must wear a scram device that checks to make sure she is not drink alcohol and is not allowed to drive. she will be back in court for arraignment on december 31st. we will be right back. >> the layout has settled car owners over unintended acceleration in 2009 and 2010. the automaker has agreed to pay more than a bil
footing. >> a speaker for him said he should legitimate more and talk less about that. major tax cuts will hit by then, the president cut short his vacation in hawaii to resume negotiations. >>> a new survey shows u.s. consumer confidence tumbled as the fiscal cliff nears, the consumer confidence index fell to 65 in december, the lowest level since august, last month it was at 71.5. economists say the decline is due to fears of sharp tax increases and government spending cuts set to take effect next week. barkley is considering a plan to change the face of downtown with the first high rise in that city in 40 years, a los angeles real estate group today submitted and application for the plan which calls for a 17 story luxury apartment complex on harold way by the downtown bart station. the plan includes a rooftop garden, conference center and four levels of underground parking. if approved the development would transform the block long harold way there in berkeley. the project is expected to face opposition from pest veryvationist. the developer wants to tear down the back of that. >>>
protection district decided to close the stations after voters rejected a temporary parcel tax in november. closures affect stations in clayton, lafayette, martinez and walnut creek. the meetings will start january 7th, in lafayette, a week before the first closures take effect. 24 other stations will remain open. >>> this morning a san jose high school band will rehearse one final time before heading to southern california this afternoon to perform in the tournament of roses parade. ♪ ♪ ♪ ♪ >> san jose's valley christian high is not only marching in the parade but the first band to team up with performers from another nation, high school in beijing, before yesterday the only time the two groups met face-to-face was on a visit to china that valley christian made in april. the school provided this video the two bands have been practicing for more than a year. while language is a barrier, music is the common denominator. >> very excited about the opportunity, the challenge is the limited rehearsal time that's what we are doing. >> you can watch the valley christian-beijing fusion ban
Search Results 0 to 49 of about 74 (some duplicates have been removed)

Terms of Use (10 Mar 2001)